Business
18 January 2007 [23:45]
Annual economic forum will be held on January 24-28 in the city Davos in Switzerland and Azerbaijani President Ilham Aliyev will participate in the World Economic Forum. The main theme of discussions will be "the shifting power of equation."
18 January 2007 [22:47]
The weighted average exchange prices made up 0.8713 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 18.
18 January 2007 [21:52]
The International Monetary Fund said the recent hike in utilities and energy on domestic market has caused the rice in consumer price inflation in the country.
18 January 2007 [21:49]
In a sign of a more concrete relations between Azerbaijan and Indonesia, ministries and companies from both countries have explored possible cooperation in education, transportation and energy.
18 January 2007 [17:31]
Early December, 2006 the President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev, and the Chairman of the Management Board of Turkey's Turcas, Erdal Aksoy, signed an agreement on establishment of SOCAR & Turcas Energy Joint Venture to ensure investment-making in oil processing in Ceyhan Port, gas import and wholesale selling of gas and Turcas' participation in the exploration activities on the Caspian.
18 January 2007 [16:11]
The rise of basic pension and minimum salary was discussed in the conference held on the rise of energy deliveries in the Cabinet.
18 January 2007 [16:04]
Construction of Baku ring road project has commenced. The preliminary cost of the 21.5km road is estimated at US$49.5m.
18 January 2007 [01:55]
A consortium led by Western oil giant BP PLC will help Azerbaijan do without Russian natural gas by providing the former Soviet republic with about 3 billion cubic meters of gas this year, the head of the nation's state petroleum company said Wednesday.
18 January 2007 [01:38]
From the second quarter of this year project on establishment of tax terminals in Azerbaijan will start.
18 January 2007 [01:38]
Georgia continues to discuss details with Turkey on redistribution of Turkey's quota in Shah Deniz project.
18 January 2007 [01:36]
Hyundai Auto Azerbaijan intends to open services and salons in regions of Guba, Ganja and Lenkeran.
18 January 2007 [01:35]
Government of Azerbaijan has begun to discuss proposals submitted by the government agencies so as to find a solution to the plight resulting from the sharp increase of prices.
18 January 2007 [01:33]
Ukraine Premier who paid official visit to Turkey stated that his country wants to join the construction of Nabucco project.
18 January 2007 [01:27]
"Hike of charges for energy supplies will not influence the prices of communication services," Communication and Information Technologies Minister Ali Abbasov told the journalists.
18 January 2007 [01:24]
New buses are planned to be brought to Ganja beginning from 2008.
18 January 2007 [01:23]
"Azerbaijan Publishing House hesitates in increasing printing prices. Therefore the rise of prices may delay," said Besti Ismayilova, Deputy Director of Azerbaijan Publishing House.
18 January 2007 [01:18]
Azerbaijan's Bank of Baku increased by 34% or AZN18.39 to AZN 72.99m, as of early January 2007.
18 January 2007 [01:14]
Oil slumped $1.78 to $51.21 a barrel on the New York Mercantile Exchange, the lowest it's traded since May 2005. Brent futures
shed 86 cents to $52.26.
18 January 2007 [01:12]
Armenian Diasporas spread the information on the negotiations on granting market-economy status to Armenia.
18 January 2007 [00:53]
Industrial production grew by 36.6%, year-over-year, to AZN 14.4bn in Azerbaijan during 2006.
18 January 2007 [00:52]
As of early January, 2007 Georgia's foreign debt and government loan liabilities totaled to $1.697484 billion, including $498.044 million owed to 15 creditor nations.
18 January 2007 [00:51]
Azerbaijan's Bank Respublika has increased interest rates on euro transactions to 12%.
17 January 2007 [22:59]
A delegation led by Ismat Abbasov, Azerbaijan's Minister for Agriculture, has left for the Federal Republic of Germany to take part in the international Green Week exhibition on food, agriculture and gardening industry to be held in Berlin on January 18-28.
17 January 2007 [22:58]
The weighted average exchange prices made up 0,8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 17.
17 January 2007 [22:37]
At 10 pm local time on January 14, commercial production and the delivery flow of gas started at the first well of Azerbaijan's giant offshore field Shah Deniz, a BP-led project.
17 January 2007 [17:05]
One of the most famous markets in Moscow Cherkizov market will be closed.
17 January 2007 [14:48]
The agreements on Baku-Tbilisi-Kars railway between Azerbaijan, Georgia and Turkey governments, as well as the agreement on the construction and rehabilitation terms of the railway in Georgia within the frame work of the implementation of this project between Azerbaijan and Georgia governments have been coordinated on January 13 in Tbilisi.
17 January 2007 [14:43]
UNDP Resident Representative Marco Borsotti and Azerbaijan's Industry and Energy Minister Natig Aliyev signed two projects on renewable energy development.
17 January 2007 [11:46]
The State Budget blueprint is not expected to be amended amid hike in energy prices.
17 January 2007 [11:45]
330 KV Imishli-Parsabad power line will be put in use on May 28.
17 January 2007 [11:30]
The water supply and sewerage system of Ganja and Sheki will be reconstructed beginning from May on the joint project to be realized with Azerbaijan, German and Switzerland governments.
17 January 2007 [11:28]
In Azerbaijan 389,500 flats (21m square meters in total) have to date been privatized by people and this figure makes up 64.1 percent of total housing stock, as of January 1, 2007.
17 January 2007 [11:27]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 16.
17 January 2007 [11:25]
A survey said Hong Kong was the world's freest economy for the 13th straight year, and Singapore was ranked No. 2 in the study released Tuesday by the Heritage Foundation.
17 January 2007 [11:24]
Bank Standard, as an authorized bank of the Azerbaijan Mortgage Fund, has lent the first mortgage loan in 2007.
17 January 2007 [11:23]
Neither Azerbaijan International Operating Company, nor BP-Azerbaijan is responsible for the pollution of 300 sq m area with oil as a result of the accident happened near Govlar station in Tovuz region, BP-Azerbaijan press secretary Tamam Bayatli stated.
17 January 2007 [11:07]
As of early January, Azerbaijan's Bank Standard increased its assets by $194.7m (AZN 169.7m) or 2.7 times to $310m (AZN 270m).
16 January 2007 [17:07]
On Tuesday, Azerbaijan's Azerenergy and Russia's RAO UES signed an electricity deal in Baku after coming agreement on the amount and price of electricity imports for 2007.
16 January 2007 [16:25]
Oil prices rose on Tuesday amid continued uncertainty about possible Opec moves to bolster crude prices out of a 13% slump this year alone.
16 January 2007 [16:16]
New law on migration may cause increase of prices in Russia, consider the officers of Federal Migration Service.
16 January 2007 [16:15]
"Germany and the neighboring countries expect improvements from Germany's chairmanship of the European Union," German ambassador to Azerbaijan, chairing the EU since January 1, Per Stankina said at the press conference.
16 January 2007 [15:54]
According to the amendments to the Taxes Code of Azerbaijan, construction companies has to pay at least AZN 10 in tax per square meter of apartments in the buildings being constructed as of January 1.
16 January 2007 [15:53]
300 sq m area has been polluted with oil as a result of the incident happened near Govlar station in Tovuz region.
16 January 2007 [11:51]
European Union considers Azerbaijan alternative energy source and plans to improve cooperation in this field, said spokesperson for the European Commission Ferran Tarradellas.
16 January 2007 [01:05]
The 45th meeting of the Railway Council of the CIS and Baltic States will be held in Moscow on February 14-15.
16 January 2007 [01:04]
Turkish Airways delayed opening the planned Ganja-Istanbul flight this year due to lack of aircrafts.
16 January 2007 [01:03]
The State Oil Company of Azerbaijan (SOCAR) has launched its representative office in Georgia.
16 January 2007 [01:02]
AzerTurkBank intends to join XPress Money Transfer System in the nearest future.
16 January 2007 [00:43]
During 2006 the Finance Ministry's Department for State Control over Insurance carried out examination in six insurance companies and revoked the license of Londongate Insurance Company 2006 because of irregularities.
16 January 2007 [00:40]
A number of representatives from France's Lafarge, the largest cement manufacturer of the world, will visit Azerbaijan.
16 January 2007 [00:39]
NIKoil Investment bank intends to raise its credit portfolio to at least $100m, more than double deposit portfolio to $70m this year.
16 January 2007 [00:37]
The World Bank has released its forecasts for macroeconomic growth of Azerbaijan in before-2010 period within the Country Partnership Strategy (CPS) for Azerbaijan, a central document defining the World Bank Group's support to Azerbaijan to meet the country's key development challenges, including reducing poverty, modernizing infrastructure, and improving governance and social services.
16 January 2007 [00:36]
Culture and Tourism Ministry has begun licensing process from Monday.
16 January 2007 [00:22]
London Brent oil fell by 4.8% last week and Light Sweet oil dropped by 5.9% on the New York Mercantile Exchange.
16 January 2007 [00:20]
Azerbaijan's Standard Insurance Company intends to open five branches in Baku and regions this year.
15 January 2007 [22:41]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 15.
15 January 2007 [22:26]
The stability continuing from early 2006 in the real estate market suddenly jumped in late the year.
15 January 2007 [17:24]
During 2007-08 government spending is projected to increase by about 35 percent p.a. (in nominal terms) as the reconstruction agenda continues, reads the World Bank's 2007-10 Country Partnership Strategy (CPS) for Azerbaijan.
15 January 2007 [13:42]
The gas production was resumed in the giant Shah Deniz gas field in the Caspian Sea at 21:30 local time, Sunday.
15 January 2007 [13:15]
January 16, Azerbaijan and Russia intend to sign an electricity deal in Baku after coming agreement on the amount and price of electricity imports for 2007, the Cabinet told.
14 January 2007 [20:51]
Azerbaijan, Georgia, and Turkey have reportedely agreed on the details of a project to lay a rail line from Turkey to Azerbaijan via Georgia.
14 January 2007 [20:49]
Railroad traffic between Azerbaijan and Georgia, which was interrupted by a cargo train accident, has resumed, a source at the Georgian Railroad company said.
14 January 2007 [15:18]
Russian energy giant Inter Rao Ues has decided to establish a 400 million dollar thermal power plant in Gonen, Balikesir.
14 January 2007 [02:26]
The Adidas Group announced on Saturday that it has bought the distribution rights for the Reebok brand in Turkey from RBK Spor Urunleri.
13 January 2007 [16:21]
Azerbaijan's largest mobile company Azercell Telecom has signed GPRS/MMS roaming agreement with Hungary's Vodafone and Sri Lanka's Dialog mobile operators, press service of the company said.
13 January 2007 [16:05]
Azerbaijan gas reached Georgian borders on January 12 for further distribution domestically, Georgia's Ministry of Energy reported.
13 January 2007 [15:54]
On Saturday, at about 13.20 the 25th, 26th and 27th cars of Baku-Georgia oil tank cars train ran off the rails near Govlar station of Tovuz region.
13 January 2007 [14:40]
"Carrying capacity of Kars-Akhalkalaki-Tbilisi-Baku railway will be 15m tonnes a year," saif Director General of Georgian Railway Ltd. Irakli Ezugbaya.
13 January 2007 [02:12]
The weighted average exchange prices made up 0.8714 AZN for 1 US dollar in the Baku Interbank Currency Exchange on January 12.
13 January 2007 [02:06]
All the telephone network of Baku will be made electronic by this year's end.
13 January 2007 [02:06]
A mission of the Asian Development Bank will visit Azerbaijan in late January.
13 January 2007 [02:05]
The mission of the International Monetary Fund will pay a visit to Baku.
13 January 2007 [02:04]
"Azerbaijan will cover needs for natural gas at its own resources, the level will not be lower than that of 2006," Azerigaz CJSC chief Alikhan Melikov said in his speech in the conference of YAP Khetai district organization.
13 January 2007 [02:03]
Press Council and editors-in-chief discussed today the proposals concerning the rise of newspaper prices.
13 January 2007 [02:02]
Baku Telephone Communications Unit intends to launch a new electronic telephone info system in a month.
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